Doral, Fla., to See Mixed-Use Development

Residential community would cover 120 acres, mix in retail

This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include the Company's present expectations or beliefs concerning future events. These statements may be identified by the use of words like "plan," "expect," "see," "aim," "believe," "project," "anticipate," "intend," "estimate," "will," "should," "could," "may," and other expressions that indicate future events and trends. The Company cautions that such statements are necessarily based on certain assumptions, which are subject to risks and uncertainties that could cause actual results to materially differ from those contained in these forward-looking statements. Important factors that could cause such differences include, but are not limited to, changes in the general and local real estate market or in general economic conditions, and other risks inherent in the real estate business. Further information on these and other risk factors is included in the Company's filings with Securities and Exchange Commission, including the Company's most recently filed Forms 10-K and 10-Q. The Company assumes no obligation to update the information contained in this news release, which speaks only as of its date.

SOURCE Florida East Coast Industries, Inc.

CONTACT: Investors, Bradley D. Lehan of Florida East Coast Industries, +1-904-819-2128; or Media, Israel Kreps,, or Cristina Planas,, both of Kreps DeMaria PR, +1-305-663-3543, for Florida East Coast Industries

<<PR Newswire -- 09/01/06>>